Message-ID: <16456738.1075840815264.JavaMail.evans@thyme> Date: Mon, 8 Oct 2001 12:44:32 -0700 (PDT) From: charles.vetters@enron.com To: louise.kitchen@enron.com, david.duran@enron.com Subject: CPN Bond Deal Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Vetters, Charles X-To: Kitchen, Louise , Duran, W. David X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\'Americas\East Power X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst Louise and Dave: We should monitor this transaction this week. This week, more than $3 billion of sales have been slated. The largest comes from independent power producer Calpine Corp. (NYSE:CPN ). It plans to sell $1.35 billion of bonds as part of a $2 billion financing drive after Moody's Investors Service last week upgraded its debt to investment-grade. I would think it would give us some indication whether the credit markets are there or not. Charlie